We talk a lot about the importance of a personal financial planning, because it is from this that you identify how to organize the budget and where to change so that your financial health improves gradually.
Check out our tips and find out how a financial planning can help you achieve your goals.
In a spreadsheet, put how much is your monthly income and what are your monthly fixed expenses. In this way, you will have financial control, knowing how much you have left a month to buy something or invest.
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Comparing the same product or service in 3 or 4 stores, or comparing the same product to different brands, can surprise you in the amount you will save, and consequently have more money at the end of the month.
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That way, you have a base of how much you can ? and should ? pay for something you need (emphasis on the word ?necessity?, because your financial health depends on awareness and accountability to control spending).
Credit card usage requires financial planning, as you pay the invoice after a certain period of time and do not feel the cash out at the time of purchase, so your excess use can generate financial problems.
But it is possible to observe this modality of payment as a personal investment opportunity too, you know?
One is the possibility to use the miles obtained after payment of each invoice. When accrued, you can convert them into products and/or services.
In addition, the possibility of parceling purchases helps, in some cases help in a financial relief. Just be careful about the interest rates charged by the credit card in case of late payment of the invoice.
For all the financial planning effort you are making worthwhile, set goals and objectives, so you will know what you are doing with all the savings and you can enjoy the money saved in the future. Some goals you may have:
By keeping your focus on your goal, you will have greater willingness to organize and plan your financial life.
You can separate in various objectives, for example: one for short term, one for medium and one for long term; So you can enjoy your money in several moments of your life without having to be in debt.
Perform monthly monitoring of financial planning results, analyzing cash inputs and outputs, so you can analyze data from your consumption behavior, for example, where you are spending more money, in which period of the month, and if the Your expense is according to your revenue.
In your financial planning you can identify that in a few months you will have a negative balance, for these moments, you can plan a personal loan to have one more revenue in the month, pay all accounts and can installments in the following months. In the loan simulation, you will already know what the parcel values will be, helping your organization.